2022 MKD to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 MKD to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the MKD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 171.9453. Conversely, the yearly low was recorded on September 27, dropping to 135.7828.
This high-to-low spread represents a total annual volatility of 36.1625 GNF. From a start-to-finish perspective, comparing the January average rate of 167.1077 to the December average rate of 149.4354, the exchange rate registered a net change of -10.58% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 171.9453 was down 15.95% compared to the 2021 peak of 204.5647, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
MKD to GNF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 158.6135, compared to 143.0955 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 15.5180 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was November, with a trading range of 11.5949 GNF (High: 148.6252 / Low: 137.0303). On the other end, March was the most stable month, with a tight range of 3.7655 GNF (High: 161.9436 / Low: 158.1781).
Growth Streaks & Declines
TrendsBetween October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 7.3825 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2022: 167.1077) against the same month in 2021 (average: 201.5443), the exchange rate shifted by -34.4366 (-17.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 171.9453 | 162.9762 | 167.1077 |
| February | 169.2412 | 163.2377 | 165.8479 |
| March | 161.9436 | 158.1781 | 159.8045 |
| April | 160.4710 | 150.4878 | 156.2973 |
| May | 154.6125 | 148.3881 | 151.5358 |
| June | 154.2950 | 147.4955 | 151.0878 |
| July | 147.3453 | 141.1045 | 143.7052 |
| August | 147.2292 | 140.0619 | 143.0618 |
| September | 142.7837 | 135.7828 | 140.0257 |
| October | 140.9240 | 136.4344 | 138.5211 |
| November | 148.6252 | 137.0303 | 143.8239 |
| December | 151.9275 | 146.9311 | 149.4354 |